Broker tips: Man Group, Weir, WPP
1st Mar 2012 12:24
Credit Suisse has reiterated its outperform rating for hedge fund manager Man Group after the firm adjusted its dividend policy and announced a positive start to trading in the current calendar year. While the broker notes that the results were as expected, it highlights the revised dividend policy
Read moreLondon midday: Stocks rise with Eurozone in focus
1st Mar 2012 11:45
- Merkel willing to consider bailout fund increase. - Man Group surges after shaking up divi policy. - Tata weighing up a bid for Cable and Wireless Worldwide. -Italian and Spanish long-term bond yields fall below 5%. London's FTSE 100 index was trading at its highest levels of the day by lunchtime
Read moreBroker snap: WPP has the best emerging market exposure, says Nomura
1st Mar 2012 11:44
Nomura has maintained its positive stance on advertising and media giant WPP, saying that the group's 2011 earnings and 2012 guidance were better than expectations. Martin Sorrell's firm reported full-year organic revenue growth of 5.3% for last year, in line with the broker's forecasts, but the op
Read moreThursday broker round-up - UPDATE
1st Mar 2012 09:33
RBS: Berenberg downgrades to sell from buy. Randgold Resources: Nomura maintains buy rating and 9,850p target. BG Group: Nomura maintains buy rating and 1,865p target. WPP: Nomura maintains buy rating and 990p target. BAE Systems: UBS ups target from 320p to 360p, buy rating unchanged. Capita:
Read moreLondon open: Man Group leads the rise early on
1st Mar 2012 08:46
- Man Group surges after shaking up divi policy. - Chinese manufacturing continues to expand. - Tata weighing up a bid for Cable and Wireless Worldwide. London's blue chips edged higher on Thursday morning, helped by a strong rise performance by Man Group. Meanwhile, Chinese manufacturing data help
Read moreWPP beats expectations, Latin America driving growth
1st Mar 2012 07:20
The FTSE 100 advertising giant WPP has reported champion revenues and profits as the company gears up for Olympic year. The so called "maxi-quadrennial" events of the London Olympics, the Euro 2012 football championships and the US Presidential election are whetting the appetite of WPP's high profi
Read moreThursday preview: WPP set to bank a billion
29th Feb 2012 16:02
Advertising firms are often said to be first into a recession, and among the last out, so results from the giant of the UK industry, WPP, could give a good clue as to which way the economic winds are blowing, and how strongly. The market has pencilled in a figure of £9,939m for revenue and £1,115m
Read moreDouble acquisition for WPP
9th Feb 2012 07:34
Acquisitive advertising conglomerate WPP has announced that XM Asia, a division of WPP's wholly-owned operating company, JWT, has agreed to acquire a stake in Magnivate, a leading digital agency in Indonesia. Magnivate, which was founded in 2010, has clients which include Danone, Samsung and Unile
Read moreWPP buys 75% stake in Israeli media firm
26th Jan 2012 07:06
Highly acquisitive media giant WPP has bought a majority stake in Union Media, a Israeli media investment management agency. Union, based in Tel Aviv, employs 30 people and has clients including Abbott, Kika, Orange, Strauss Group and Teva. The acquisition of a 75% stake in the company was made on
Read moreLondon open: Stocks up ahead of economic data
25th Jan 2012 08:39
London's Footsie opened slightly higher on Wednesday morning with the mood boosted by last night's strong showing from US tech giant Apple. In UK news, a raft of economic data is due out this morning, including the minutes from the January meeting of the Bank of England's Monetary Policy Committee
Read moreLondon pre-open: Stocks to rise on Apple results
25th Jan 2012 07:28
City sources predict the FTSE 100 will open up 15 points from yesterday's close of 5,752, boosted by an excellent quarterly report from technology giant Apple, announced after last night's trading close. Newsagent WH Smith said trading in the 21 weeks to January 21st was resilient, with profit gro
Read moreWPP invests in Jordanian marketing communications firm
25th Jan 2012 07:01
Media giant WPP has purchased a majority stake in a newly incorporated Jordanian company which will acquire the assets of marketing communications firm IDEA. JWT, WPP's advertising and communications division, has been an affiliate with IDEA for the last seven years. After WPP buys a 51% interest i
Read moreAnother acquisition for WPP
23rd Jan 2012 08:15
Acquisitive advertising conglomerate WPP has clocked up its fifth acquisition of 2012 after purchasing a further 25.1% stake in communications firm PBN Company. WPP originally acquired a 49.9% stake in PBN in 2007 through its wholly-owned operating company, Hill+Knowlton Strategies. . PBN will comb
Read moreLondon midday: Footsie unchanged, RBS leads risers
20th Jan 2012 11:57
- Greek talks still in progress. - RBS taps ECB emergency facility. - Vodafone up on Indian tax ruling. The Footsie was rather flat at midday, after swinging between gains and losses in the mid-morning session. Neverthess, the blue chip index was trading within a narrow range with just 26 points se
Read moreLondon open: Footsie flat, Vodafone rises on Indian tax ruling
20th Jan 2012 08:28
The Footsie opened flat on Friday morning, with a rise in the banking sector being offset by resource stocks. The blue chip index nudged just a few points lower to 5,738 in early trading, following yesterday's 0.7% rise on the back of strong macro data and an improving outlook in the Eurozone. In o
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